
Construction lending funds vary widely in quality, and knowing what to look for requires time most investors don’t have.
Many private credit offerings leave investor capital in a junior position with limited collateral protection.
Without visibility into how loans are originated, drawn, monitored, and repaid, investors are left guessing.
Too many emerging managers operate without independent approval rights over governance-sensitive decisions, leaving investors with limited accountability.
Every loan is secured by a first-priority lien on the underlying property. The Fund does not originate mezzanine, subordinated, or unsecured debt.
The Manager targets loans supported by a Qualified Forward Purchase Contract — a committed buyer with proof of funds or full lender pre-approval and no financing contingency. The forward purchase standard may be approved, waived, or modified on a case-by-case basis by the Manager. See the PPM for details.
The Fund targets deployment of capital through controlled draws tied to verified construction milestones, supported by third-party inspections, invoices, and lien waivers.
An Independent Board holds approval rights over governance-sensitive matters, including related-party transactions, changes to valuation or redemption methodology, conversion from the Evergreen Structure to a fixed-term vehicle, and extended redemption suspensions. The Board is primarily advisory; it does not approve individual investments or control day-to-day operations.

*Non-compounded. A targeted priority for distributions; not guaranteed. See PPM.
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Former auditor, Coopers & Lybrand (Fidelity Investments); Senior Financial Advisor, Solomon Brothers

40-year career including Ernst & Young; 25 years as general counsel and global tax director.

Financial analysis, deal structuring, senior debt underwriting; licensed Florida realtor.
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